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India, China to register positive growth rate despite Coronavirus: IMF

In its latest edition of World Economy report, IMF has projected India’s GDP growth to be 1.9 per cent in 2020 from 5.8 per cent in January. For China, it has projected a growth rate of 1.2 per cent.

IMF said, despite global economy hitting the worst recession since the Great Depression of 1930s, India and China are likely to bounce back strongly in 2021 with India expected to grow at 7.4 per cent and China at 9.2 per cent.

IMF report said most countries, in the advanced economy group, are forecast to contract this year, including the US, Japan, the United Kingdom, Germany, France, Italy and Spain.

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